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| Exchange Received Time 30/06/2017 12:11:15 Exchange Disseminated Time 30/06/2017 12:11:23 Time Taken 00:00:08 | We now wish to inform that the Board of Directors ('Board') of the Company at their meeting held today viz.,Friday, 30th June, 2017 have approved the proposal to acquire the balance 24% (last tranche acquisition) of equity stake in 360 logica subject to compliance of all the legal formalities. Post- acquisition of the above equity stake in 360logica by Saksoft Limited, 360 logica will become a wholly owned subsidiary of the Company. As per the Board's approval, Mr.Aditya Krishna, Chairman & MD and Mr.Nirajkumar Ganeriwala, CFO are severally authorized to undertake the acquisition of further 24% equity stake in 360logica on or before 10th July, 2017. The required information under Regulation 30 of SEBI (LODR)2015 read with Para A of Part A of Schedule III of Listing Regulations.The meeting concluded at 11.30 a.m.
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